Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB

Alternate Symbol(s): SLTTF | T.SOT.UN | T.SOT.DB.A | T.SOT.DB.B

Real Estate REIT - Diversified

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.

TSX:SOT.DB - Post by User

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Interest coverage ratio dropping

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Comment by Northforce13on May 06, 2024 12:08pm

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Post# 36025091

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interest coverage ratio dropping

I don't it's a conflicted buyer issue, I think it's more of a historical overvaluation of their properties issue, which is being revealed. If they overvalued their properties by say 30%, that would generate 30% more management fees for Slate management.

An interesting thought is if they overvalued and this could be proven (difficult), then Slate Office could sue Slate management for overpaid management fees. It would be criminal theft.

Above thoughts are speculative.

GLTA

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